Koryx Copper Corrects Release, Announces Significant Drill Results at Haib Project

Koryx Copper S.A. issued a correction to a press release originally disseminated on May 15, 2026, clarifying its timeline for economic assessments. The company stated it does not anticipate publishing an updated Preliminary Economic Assessment for the Haib Copper Project before mid-2026. Instead, an updated mineral resource estimate and enhanced process flow sheet will be included in a Pre-feasibility Study scheduled for publication by the end of 2026. The corrected release also announced significant assay results from 17 drill holes totaling 5,252 meters as part of the 2026 exploration program in southern Namibia. The drilling revealed consistent, wide copper intercepts, with widths up to 599 meters, and grades exceeding the average mineral resource estimate. The results also highlighted pockets of higher-grade gold and molybdenum byproducts. Koryx Copper’s CEO, Heye Daun, emphasized the consistent nature of the mineralization and the project's potential for increased average grades. Currently operating with 14 drill rigs, the company is advancing the large-scale, open-pit sulphide Cu-Mo-Au porphyry project, which targets an annual production of 92,000 tonnes of copper concentrate over a 24-year mine life.